Press Release BSE -Himalaya Food International Ltd. Secures Landmark OTS Extension Approval; Achieves Decisive Breakthrough in Debt Resolution.
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Himalaya Food International has secured an extension for its One Time Settlement (OTS) with lenders led by State Bank of India, pushing the deadline to September 2026. The company has committed to a ₹43 crore final settlement, of which it has already deposited ₹21.50 crore (50%). Cumulatively, the company has paid ₹77 crore till date, representing one of the highest recovery ratios in stressed assets. Despite facing challenges including a JV partner dispute and a fire at its Gujarat facility, the company continued servicing obligations. The OTS extension clears the path for asset monetisation, capital infusion, and export expansion.
Positive for shareholders as the debt resolution removes a major overhang, paving the way for a clean balance sheet, potential re-rating, and accelerated growth. The company now has a clear timeline to complete its debt obligations.